The day after....no not the Super Bowl,..the US jobs report which had mostly strong. The Unemployment rate fell to 4%. The number of jobs added was less than expectations but the revisions were higher. However, benchmark revisions were lower for 2024. The earnings were higher but it could have been influenced by Wall Street bonuses.
Over the weekend, Pres. Trump went to the Super Bowl and while on the way he said:
The USD is mostly higher with the largest gain vs JPY (+0.42%). The USD is unchanged vs the AUD. The dollar gapped higher, but came off the highs mostly.
The US stocks moved lower on Friday and that tipped the indices into the red for the week. Last week results showed"
Dow industrial average fell -0.54%S&P -0.24%NASDAQ index -0.53%Russell 2000-0.35%McDonald's announced earnings this morning :
EPS $2.83 vs $2.83 est. Revenues $6.39B vs $6.44B. Despite the miss, the shares are up 1.6% in pre-market trading.In other stocks,
Meta shares are up again (16 days if positive today) with gains of $6.48 or 0.91% on the day. Nvidia shares are up 0.15%Microsoft share are up 0.77%Amazon shares are up 0.51%Alphabet shares are up 0.89%Apple shares are up 0.71%Today, the major indices are higher.
Dow futures are implying a gain of 223 pointsS&P futures are implying a gain of 30.51 pointsNasdaq futures are implying a gain of 163 pointsIn the US debt market, the yields are little changed:
2 year yield 4.274%, -0.4 basis points5 year yield 4.331%, -0.3 basis points10 year yield 4.484%, -0.2 basis points30 year yield 4.695%, +0.5 basis pointsIn other markets:
Crude oil is trading up one dollar at $72Gold has extended to a new record high and trades at $2903.85 up $43 on the day. The new all-time high price is at $2907.01Silver is up $0.45 or 1.36% at $32.20Bitcoin is trading up $1000 at $97,500 This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( The US session is underway. Yields little changed. Stocks are higher. )
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